A short sale is when a buyer and purchase a house for less than the house is worth. Short sales are hard to complete but are becoming more and more popular with so many people underwater in the mortgage payments. Short sales are much less damaging to a sellers credit than foreclosure.
Although success with a short sale in Manhattan Beach isn’t a guarantee it’s worth trying. Banks are speeding up the process and some banks are offering incentives. It’s defiantly something to look into if you’re having trouble making your payments.
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